The blog is with intention to enhance and polish your wealth management skills. Let's learn up the skill set to pick up the bull running hot stock for the day... We will discuss it based on TA (Technical Analysis). We will learn to establish a good TP (trading plan) and be disciplined in trading. Most importantly, we could learn from the friend all around the world. This blog is definitely able to provide a platform to TA devourer for in-depth discussion.
Monday, 1 August 2011
Case Study - CBIP
1. Trendline: sideway (Neutral)
2. Bollingerband : Breakout after squeeze with volume higher than 30 EMA (Bullish)
3. Candle Stick : Long white bar (Bullish)
4. ADX: Uptrend with weak momentum (Bullish)
5. MACD: Forming bottom round cross 0 (Bullish)
6. RSI : Break up 70% (Bullish)
7. Stochastic: Break 80% (Bullish)
8. Volume Distribution: High selling pressure by big shark to retailer (Bearish)
Conclusion: 6 Bull 1 Bear 1 Neutral
Entry Price: 4.25
Profit Taking: 4.35, 4.46
Cut Loss: 4.21
Remarks: Beware of high selling pressure by Sharks close to market end.
Labels:
CBIP
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